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CorVelCRVL +1.44%77 Net Current Asset Value is $4.19 as of Mar. 2026, which is 85% below its 10-year median of 28.50. GuruFocus rates CRVL with a GF Score™ of 77/100 and a GF Value™ of $102.51 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 26 Insurance companies, CorVel ranks worse than 76.92% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
CorVel's net current asset value per share for the quarter that ended in Mar. 2026 was $4.19.
The historical rank and industry rank for CorVel's Net Current Asset Value or its related term are showing as below:
CRVL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 13.04 Med: 28.5 Max: 62.8
Current: 14.3
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of CorVel was 62.80. The lowest was 13.04. And the median was 28.50.
CRVL's Price-to-Net-Current-Asset-Value is ranked worse than 76.92% of 26
companies
in the Insurance industry
Industry Median: 6.31
vs CRVL: 14.30
CorVel (NAS:CRVL) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
CorVel Net Current Asset Value Related Terms
CorVel Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for CorVel's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CRVL vs ARX, BWIN, NP: Net Current Asset Value Comparison
For the Insurance Brokers subindustry, CorVel's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CorVel Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, CorVel's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CorVel's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of $4.19 mean?
CorVel (CRVL) has a Net Current Asset Value of $4.19 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on CorVel and its competitors. This is 85% below median its historical median of 28.50. Over the past decade, CorVel's Net Current Asset Value has ranged from 13.04 to 62.80. According to the industry distribution chart, CorVel ranks #20 out of 26 companies in the Insurance industry, placing it in the top 76.9%.
Is CorVel's Net Current Asset Value too high?
CorVel's current Net Current Asset Value of $4.19 is 85% below median its 10-year median of 28.50. Over the past 10 years, this metric has ranged from a low of 13.04 to a high of 62.80. The Insurance industry median Net Current Asset Value is 6.31. CorVel's value of $4.19 is 33.6% below this industry median. Based on the distribution chart, CorVel ranks #20 out of 26 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, CorVel has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CorVel's Net Current Asset Value compare to ARX and BWIN?
According to the Insurance industry distribution chart, CorVel ranks #20 out of 26 companies for Net Current Asset Value. This places CorVel in the lower half of its industry. The industry median Net Current Asset Value is 6.31. CorVel's value of $4.19 is 33.6% below this benchmark. Historically, CorVel's own Net Current Asset Value has ranged from 13.04 to 62.80 over the past decade. While the company's 10-year median is 28.50 vs. the industry median of 6.31, CorVel has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Insurance company?
The median Net Current Asset Value among Insurance companies is 6.31, based on 26 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CorVel's current Net Current Asset Value of $4.19 is 33.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on CorVel and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CorVel's current Net Current Asset Value is $4.19, which is 85% below median its own 10-year median of 28.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CorVel stock overvalued right now?
Based on GuruFocus' analysis, CorVel (CRVL) is currently considered Significantly Undervalued. The stock's GF Value™ is $102.51, compared to a current price of $59.92 — trading 41.5% below its estimated fair value. The current Net Current Asset Value is $4.19, which is 85% below median its 10-year median of 28.50 and 33.6% below the Insurance industry median of 6.31. CorVel's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For CorVel (CRVL), the current Net Current Asset Value is $4.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CorVel (CRVL) Overvalued in 2026?
Based on GuruFocus' analysis, CorVel stock appears to be undervalued.
The current stock price of $59.92 is trading 41.5% below its estimated GF Value™ of $102.51.
GuruFocus considers CorVel to be Significantly Undervalued.
Key valuation signals for CRVL:
Net Current Asset Value: $4.19 (85% below median its 10-year median of 28.50)
GF Value™: $102.51 vs. price of $59.92 (41.5% below fair value)
Industry Position: 33.6% below the Insurance median (#20 of 26)
No single metric tells the full story. See the CRVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CorVel Corp applies technology including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies, and government agencies in managing worker's compensation and health, auto, and liability services. The company's solutions combine integrated technologies with a human touch providing services that include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and medicare services.
77GF Score
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